Gov. Newsom forces corporate ‘diversity’
December 2020 – On September 20, California Gov. Gavin Newsom (D) (photo, above) signed into law a bill that will require corporations based in the state to appoint members of “underrepresented” citizen groups to their boards.
The legislation requires that by the end of 2021, California’s more than 660 public corporations must have at least one board member from an “underrepresented community,” defined as those who self-identify as Black, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, Alaska Native, gay, lesbian, bisexual, or transgender.
Firms that refuse to comply could face fines up to $100,000 for the first violation, then $300,000 for subsequent violations.